Taft’s private equity and mergers and acquisitions teams are pleased to have acted as legal counsel to Edgewater Capital Partners in its sale of Fiber Materials Inc. (FMI) to Spirit AeroSystems (NYSE: SPR).

Based in Biddeford, Maine, FMI is an industry-leading technology company specializing in high-temperature materials and composites primarily for aerospace and defense applications. Edgewater is a Cleveland, Ohio based, sector-focused private equity firm making investments in lower middle-market performance materials businesses, specifically in the specialty chemicals, life sciences, specialty industrial and components, and advanced materials verticals.